What if things goes in wrong direction?

Life insurance policy will pay out a specified amount of money when an insured person dies or is diagnosed with terminal illness (an incurable disease that will make impossible to live longer than 12 months)The main aim of the policy is to provide your family with financial stabilization after your death.
Clients often decide on taking out life policy at the time of mortgage contract. In most cases the sum assured and the term of the policy corresponds with the amount and length of the mortgage. People who want to take out the insurance may choose between the policy with decreasing amount (decreasing term assurance) and the policy with a fixed amount (level term assurance).

Decreasing term assurance

Decreasing term assurance is the most suitable form of protection for the repayment mortgages. Your sum assured decreases along with your mortgage. This has proven the most cost effective solution for mortgage protection.

Level term assurance

Another type of life insurance policy is level term assured. The amount for which you are insured is the same throughout the term of policy. This type of product is recommended to those who have interest only mortgage or would have a need for additional family protection. In addition those policies can be linked to particular index such as Retail price index or rate of inflation which means that the sum assured would increase every year in line with the specified policy index.

Critical illness insurance pays out the sum assured if during the period of the policy you are diagnosed with an illness specified by your insurer.

This type of policy secures you financially at the time when you most need it. The amount paid by the insurer may be used to repay the total amount of the mortgage or cover the costs of rehabilitation and treatment, purchase of specialist medical equipment (for example: dialysis machine) or facilitating your house for the needs of a disabled person.

In order to protect the client and establish the minimum standard list of illnesses is determined by the Association of British Insurers. Many insurers have expanded their lists with additional illnesses.
The list of critical illnesses may vary and the ways of diagnosing them, depending on a particular insurer, so it is recommended you read the the terms and conditions very carefully before you decide on a particular insurer.

Unemployment cover pays out an agreed monthly amount if you are made redundant. The most common reasons for making a claim could be associated with closing down or reduction in staff. The amount is determined by the level of your income or the amount of your mortgage depending on what option you choose. In most cases it is possible to insure 60 % or 65 % of your gross monthly salary (income protection) or if you choose Mortgage Payment Protection (MPPI ) the whole amount of monthly mortgage payment as well as some additional costs could be insured.

This amount may be increased usually up to 33% of mortgage installment to for instance cover the cost of living. You should choose the right product after consulting your financial adviser. It is very important to obtain information about benefits offered by your current employer. These types of policies include a deferred period, the waiting period after which the insurer will start to pay out (it is usually from 30 to 120 days). Another important element is to decide on duration of your plan. It is usually 12 or 24 months.

This type of insurance pays out when you are unable to perform your normal duties due to the accident or sickness. The sum assured is determined by the level of your income or the amount of your mortgage, depending on the option you choose. In most cases it is possible to insure 60 % or 65 % of your gross monthly salary (income protection) or if you choose Mortgage Payment Protection (MPPI ) the whole amount of monthly mortgage payment as well as some additional costs could be insured. This amount may be increased usually up to 33% of mortgage installment to, for instance cover the cost of living. Your premium could depend on the risk associated with your current profession.
It is very important to obtain information about benefits offerd by your current employer. These types of policies include a differed period that means the waiting period, after which the company will start to pay out (it is usually from 30 to 120 days). Another important element is to decide on duration of your plan. It is usually 12 or 24 months.

Business protection insurance secures the business activity if a key person in the company dies or is diagnosed with a critical sickness. It is hard to imagine further management and development of the company if the most important person is missing. If the key person is insured (key person scheme) the sum assured is paid out to the company, and it may be used to employ and train a new employee. In case of partnership when each of the partner has life policy written in trust proceeds will be paid out to another partner in case of death. High financial obligations are also very often insured , if a person co-responsible for the repayment dies the company receives funds from the insurer to repay its obligations.

Business protection insurance is not only determined by the protection of your business partners it is often determined for the needs of your families and families of people involved in your business activity. What is very important for those who are interested in business protection insurance is that the monthly payment of such insurance could be classified as business expense and therefore may be tax deductable.

This insurance protects your house against events such as: fire, flood, earthquake or subsidence; lightning struck or serious act of vandalism. Every lender which grants mortgage will demand building insurance for the full reinstatement cost. The content of the house is also often insured that means the equipment , furnishing , household appliances and all valuable possessions in the house.

Long term income protection- IP- is an insurance policy that pays out if you’re unable to work due to injury or illness, resulting in loss of earnings. IP policies only pay out once a pre-agreed period (differed period) has passed, generally ranging from one to 12 months after you put in a claim. The longer the ‘deferral’ period you choose, the lower your premiums.. Income protection payouts are usually based on a percentage of your earnings: 50% to 70% is the norm. Payments are tax-free.

There are three main levels of cover to choose from which define incapacity

Income protection

Long term income protection- IP- is an insurance policy that pays out if you’re unable to work due to injury or illness, resulting in loss of earnings. IP policies only pay out once a pre-agreed period (deferred period) has passed, generally ranging from one to 12 months after you put in a claim. The longer the ‘deferral’ period you choose, the lower your premiums.. Income protection payouts are usually based on a percentage of your earnings: 50% to 70% is the norm. Payments are tax-free.

There are three main levels of cover to choose from depending on the definition of incapacity:

Own occupation

This is the highest level of cover. With an ‘own occupation’ policy you’d get an income if you suffered sickness or injury that stopped you from doing your own occupation. For example, if your current job requires heavy lifting which you now can’t do, the policy would pay out – even if you were still well enough to do a job with no lifting. Suited occupation: This gives a lower level of cover than an ‘own occupation’ policy. The policy only pays out if you can’t do any job that you’re suited for. The insurance company will decide what counts as a suited occupation, based on your skills, training, qualifications and experience. For example, if you were a qualified accountant working as a financial director, but couldn’t continue due to stress, your policy might not pay out – the insurance company could require you to take a less stressful accounting position at the same firm or elsewhere.

Suited occupation

This gives a lower level of cover than an ‘own occupation’ policy. The policy only pays out if you can’t do any job that you’re suited for. The insurance company will decide what counts as a suited occupation, based on your skills, training, qualifications and experience. For example, if you were a qualified accountant working as a financial director, but couldn’t continue due to stress, your policy might not pay out – the insurance company could require you to take a less stressful accounting position at the same firm or elsewhere.

Any occupation

With ’any occupation’ cover you can only claim if you can’t do any job. With the other two, you can claim if you can’t do your normal work or a similar one, but this cover is usually more expensive.

Life insurance

Life insurance

Life insurance policy will pay out a specified amount of money when an insured person dies or is diagnosed with terminal illness (an incurable disease that will make impossible to live longer than 12 months)The main aim of the policy is to provide your family with financial stabilization after your death.Clients often decide on taking out life policy at the time of mortgage contract. In most cases the sum assured and the term of the policy corresponds with the amount and length of the mortgage. People who want to take out the insurance may choose between the policy with decreasing amount (decreasing term assurance) and the policy with a fixed amount (level term assurance).

Decreasing term assurance

Decreasing term assurance is the most suitable form of protection for the repayment mortgages. Your sum assured decreases along with your mortgage. This has proven the most cost effective solution for mortgage protection.

Level term assurance

Another type of life insurance policy is level term assured. The amount for which you are insured is the same throughout the term of policy. This type of product is recommended to those who have interest only mortgage or would have a need for additional family protection. In addition those policies can be linked to particular index such as Retail price index or rate of inflation which means that the sum assured would increase every year in line with the specified policy index.

As with all insurance policies, conditions and exclusions will apply.

Critical Illness Insurance

Critical Illness Insurance

Critical illness insurance pays out the sum assured if during the period of the policy you are diagnosed with an illness specified by your insurer.

This type of policy secures you financially at the time when you most need it. The amount paid by the insurer may be used to repay the total amount of the mortgage or cover the costs of rehabilitation and treatment, purchase of specialist medical equipment (for example: dialysis machine) or facilitating your house for the needs of a disabled person.

In order to protect the client and establish the minimum standard list of illnesses is determined by the Association of British Insurers. Many insurers have expanded their lists with additional illnesses.The list of critical illnesses may vary and the ways of diagnosing them, depending on a particular insurer, so it is recommended you read the the terms and conditions very carefully before you decide on a particular insurer.

As with all insurance policies, conditions and exclusions will apply.

Unemployment cover

Unemployment cover

Unemployment cover pays out an agreed monthly amount if you are made redundant. The most common reasons for making a claim could be associated with closing down or reduction in staff. The amount is determined by the level of your income or the amount of your mortgage depending on what option you choose. In most cases it is possible to insure 60 % or 65 % of your gross monthly salary (income protection) or if you choose Mortgage Payment Protection (MPPI ) the whole amount of monthly mortgage payment as well as some additional costs could be insured.

This amount may be increased usually up to 33% of mortgage installment to for instance cover the cost of living. You should choose the right product after consulting your financial adviser. It is very important to obtain information about benefits offered by your current employer. These types of policies include a deferred period, the waiting period after which the insurer will start to pay out (it is usually from 30 to 120 days). Another important element is to decide on duration of your plan. It is usually 12 or 24 months.

As with all insurance policies, conditions and exclusions will apply.

Accident and sickness insurance

Accident and sickness insurance

This type of insurance pays out when you are unable to perform your normal duties due to the accident or sickness. The sum assured is determined by the level of your income or the amount of your mortgage, depending on the option you choose. In most cases it is possible to insure 60 % or 65 % of your gross monthly salary (income protection) or if you choose Mortgage Payment Protection (MPPI ) the whole amount of monthly mortgage payment as well as some additional costs could be insured. This amount may be increased usually up to 33% of mortgage installment to, for instance cover the cost of living. Your premium could depend on the risk associated with your current profession.It is very important to obtain information about benefits offerd by your current employer. These types of policies include a differed period that means the waiting period, after which the company will start to pay out (it is usually from 30 to 120 days). Another important element is to decide on duration of your plan. It is usually 12 or 24 months.

As with all insurance policies, conditions and exclusions will apply.

Business protection insurance

Business protection insurance

Business protection insurance secures the business activity if a key person in the company dies or is diagnosed with a critical sickness. It is hard to imagine further management and development of the company if the most important person is missing. If the key person is insured (key person scheme) the sum assured is paid out to the company, and it may be used to employ and train a new employee. In case of partnership when each of the partner has life policy written in trust proceeds will be paid out to another partner in case of death. High financial obligations are also very often insured , if a person co-responsible for the repayment dies the company receives funds from the insurer to repay its obligations.

Business protection insurance is not only determined by the protection of your business partners it is often determined for the needs of your families and families of people involved in your business activity. What is very important for those who are interested in business protection insurance is that the monthly payment of such insurance could be classified as business expense and therefore may be tax deductable.

Business Protection is provided by Introduction only

Building and contents insurance

Building and contents insurance

This insurance protects your house against events such as: fire, flood, earthquake or subsidence; lightning struck or serious act of vandalism. Every lender which grants mortgage will demand building insurance for the full reinstatement cost. The content of the house is also often insured that means the equipment , furnishing , household appliances and all valuable possessions in the house.

As with all insurance policies, conditions and exclusions will apply.

Income protection

Income protection

Long term income protection- IP- is an insurance policy that pays out if you’re unable to work due to injury or illness, resulting in loss of earnings. IP policies only pay out once a pre-agreed period (differed period) has passed, generally ranging from one to 12 months after you put in a claim. The longer the ‘deferral’ period you choose, the lower your premiums.. Income protection payouts are usually based on a percentage of your earnings: 50% to 70% is the norm. Payments are tax-free.

There are three main levels of cover to choose from which define incapacity

Income protection

Long term income protection- IP- is an insurance policy that pays out if you’re unable to work due to injury or illness, resulting in loss of earnings. IP policies only pay out once a pre-agreed period (deferred period) has passed, generally ranging from one to 12 months after you put in a claim. The longer the ‘deferral’ period you choose, the lower your premiums.. Income protection payouts are usually based on a percentage of your earnings: 50% to 70% is the norm. Payments are tax-free.

There are three main levels of cover to choose from depending on the definition of incapacity:

Own occupation

This is the highest level of cover. With an ‘own occupation’ policy you’d get an income if you suffered sickness or injury that stopped you from doing your own occupation. For example, if your current job requires heavy lifting which you now can’t do, the policy would pay out – even if you were still well enough to do a job with no lifting. Suited occupation: This gives a lower level of cover than an ‘own occupation’ policy. The policy only pays out if you can’t do any job that you’re suited for. The insurance company will decide what counts as a suited occupation, based on your skills, training, qualifications and experience. For example, if you were a qualified accountant working as a financial director, but couldn’t continue due to stress, your policy might not pay out – the insurance company could require you to take a less stressful accounting position at the same firm or elsewhere.

Suited occupation

This gives a lower level of cover than an ‘own occupation’ policy. The policy only pays out if you can’t do any job that you’re suited for. The insurance company will decide what counts as a suited occupation, based on your skills, training, qualifications and experience. For example, if you were a qualified accountant working as a financial director, but couldn’t continue due to stress, your policy might not pay out – the insurance company could require you to take a less stressful accounting position at the same firm or elsewhere.

Any occupation

With ’any occupation’ cover you can only claim if you can’t do any job. With the other two, you can claim if you can’t do your normal work or a similar one, but this cover is usually more expensive.

The total fee will be based on your personal circumstances, employment record and credit history. We will provide you with written confirmation of your fee prior to the commencement of any chargeable activity. Typically this will be £199

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